All the news from Keningtons.
The Swindon office have completed their second investment transaction in Devizes in 2 months. Following the sale of Old Swan Yard , they have now advised private investment group Maybrook Properties on the purchase of the multi let Nursteed Trading Estate. The estate consists of 10 units which are all let to occupiers including Mole Valley Farmers, City Plumbing Supplies and Varivane Industries. The Estate produces a passing rent of £237,500 per annum. Gareth Hunt, managing director of Maybrook Properties comments "The acquisition of Nursteed Trading Estate was fully in line with the group's portfolio strategy" .
Keningtons Building Surveyors recently completed a full building survey and inspection of a 6 bedroom residential property in St John's Wood. With a market price of £25 million we were able to visit site, survey and report within 7 days of instruction. We also offered a verbal report on our findings within 24 hours of our inspection.
Acting on behalf of The Disabilities Trust, on a joint agency basis with the healthcare team at Gerald Eve, the Swindon office have assisted with the sale of Chalkdown House at Edison Park, Swindon to Elysium Healthcare Limited . The property is a purpose built specialist care facility containing 18 single bedrooms and 2 self contained one bedroom flats along with occupational therapy kitchen, laundry and IT suite, a fully fitted commercial kitchen, lounges and staff facilities.
Also included in the sale was an adjoining development site of approx. 1.5 acres which had a lapsed planning consent for further C2 healthcare development. As the local agent, Keningtons also undertook property management for the clients whilst the property was vacant.
Our Building Surveyors have been appointed on a major black water loss in central London. The loss occurred as a result of a Thames Water burst mains pipe. Strip out, drying, decontamination and reinstatement works are expected to cost in the region of £350,000. Keningtons will be acting for the building occupiers as Contract Administrators, Principal Designer and Cost Consultant.
Jeremy Sutton in the Swindon office is pleased to announce that acting on behalf of a private property company,Keningtons have completed the sale of Old Swan Yard in Devizes to another private property company. Old Swan Yard is a Grade II listed courtyard development containing 9 small retail units including a cafe and bakery, basement restaurant and two first floor office suites. The scheme was fully let producing an income of approximately £185,000.
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